Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) was submitted on December 5, 2008, regarding the period ending December 31, 2008. The filing announces a Board of Directors' approval for the payment of Complementary Interest on Own Capital to shareholders.
Key Financial Metrics
The filing focuses on capital distribution rather than operational financial performance metrics such as revenue, profit, or cash flow, which are not provided in this text.
- Total Complementary Interest Approved: R$1,842,000,000.00
- Per Share Amounts (Gross): R$0.571482431 per common share; R$0.628630674 per preferred share.
- Per Share Amounts (Net of 15% Tax): R$0.485760066 per common share; R$0.534336073 per preferred share.
- Payment Date: March 9, 2009.
- Record Date: December 5, 2008.
- Ex-Right Date: December 8, 2008.
2008 Distribution Summary (in R$)
| Category | Total Amount |
|---|---|
| Monthly Interest Paid | 114,597,708.31 |
| Monthly Dividends Paid | 309,813,437.62 |
| Intermediary Dividends (1st Half) Paid | 387,345,200.22 |
| Subtotal - Paid Value | 811,756,346.15 |
| Monthly Dividends to be Paid (Jan 2, 2009) | 38,726,717.43 |
| Complementary Interest (Mar 9, 2009) | 1,842,000,000.00 |
| Total 2008 Distributions | 2,692,483,063.58 |
Material Changes and Unusual Items
The filing highlights a significant capital return event where the approved Complementary Interest represents approximately 48 times the monthly dividends paid. The filing notes that values are adjusted due to a 50% bonus stock approved in a Special Stockholders' Meeting on March 24, 2008. The text does not provide comparative data against prior periods for operational metrics.
Guidance, Outlook, and Risks
Management indicated that the Company may distribute new Interest and/or Dividends based on the final fiscal year 2008 results. The filing includes a standard forward-looking statements disclaimer, noting that future results depend on economic conditions, industry trends, and operating factors, with no guarantee that expected events will occur.
Investor Verification Checklist
- Verify the final 2008 fiscal year results to determine if additional dividends or interest will be declared.
- Confirm the tax status of the shareholder (individual vs. corporate) to validate the net payment amount received.
- Check the impact of the 50% bonus stock issued in March 2008 on per-share calculations.
- Review the full 2008 Annual Report (Form 20-F) for comprehensive revenue, profit, and liquidity data not included in this specific filing.